Entergy Corporation $ETR is Confluence Investment Management LLC’s 7th Largest Position

Confluence Investment Management LLC reduced its holdings in shares of Entergy Corporation (NYSE:ETR) by 5.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,156,624 shares of the utilities provider’s stock after selling 72,663 shares during the quarter. Entergy makes up 2.1% of Confluence Investment Management LLC’s investment portfolio, making the stock its 7th biggest holding. Confluence Investment Management LLC’s holdings in Entergy were worth $132,850,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Pinnacle Wealth Management Advisory Group LLC lifted its stake in Entergy by 3.6% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,623 shares of the utilities provider’s stock worth $295,000 after purchasing an additional 90 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Entergy by 9.2% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,096 shares of the utilities provider’s stock valued at $126,000 after purchasing an additional 92 shares during the last quarter. Aristotle Capital Management LLC increased its stake in Entergy by 4.4% in the fourth quarter. Aristotle Capital Management LLC now owns 2,280 shares of the utilities provider’s stock valued at $211,000 after purchasing an additional 96 shares during the last quarter. Founders Financial Securities LLC raised its holdings in Entergy by 2.5% during the first quarter. Founders Financial Securities LLC now owns 4,094 shares of the utilities provider’s stock worth $481,000 after purchasing an additional 101 shares in the last quarter. Finally, Rehmann Capital Advisory Group raised its holdings in Entergy by 2.8% during the fourth quarter. Rehmann Capital Advisory Group now owns 3,807 shares of the utilities provider’s stock worth $352,000 after purchasing an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Trading Up 0.4%

Shares of Entergy stock opened at $108.03 on Tuesday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91. The company has a market capitalization of $49.47 billion, a P/E ratio of 27.70, a PEG ratio of 1.84 and a beta of 0.50. Entergy Corporation has a 1 year low of $86.40 and a 1 year high of $118.44. The company’s fifty day moving average is $112.20 and its two-hundred day moving average is $108.51.

Entergy (NYSE:ETR) last announced its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.02. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The business had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter in the prior year, the firm earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts forecast that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be issued a $0.64 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. Entergy’s payout ratio is presently 65.64%.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the transaction, the insider directly owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. The trade was a 42.86% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on ETR. Truist Financial set a $127.00 target price on shares of Entergy and gave the company a “buy” rating in a report on Friday, May 29th. BTIG Research reiterated a “buy” rating and set a $126.00 price target on shares of Entergy in a research note on Wednesday, June 10th. Wall Street Zen raised shares of Entergy from a “sell” rating to a “hold” rating in a research report on Saturday. Scotiabank restated a “sector outperform” rating on shares of Entergy in a research note on Wednesday, June 10th. Finally, Wells Fargo & Company raised their price objective on Entergy from $123.00 to $128.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Seventeen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $121.05.

About Entergy

Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.